dcollon

I was at the meeting and don't think the Bloomberg story depicts exactly what was said. I'm when someone produces their transcript, it will come out in a more understandable way.

Thanks for posting.

There are some interesting articles and information on their website http://www.richardchandler.com/home

Attached is Jeremy Grantham's latest commentary Grantham_April_2012.pdf

Attached is a quick snapshot of their debt listed on FactSet SHLD_Debt.pdf

Interesting comments. Thanks for posting the article.

Slightly off the direction of this thread, but thought some might like the attached So_Much_for_Snap_Decisions-_WSJ.pdf

I understand your point Hester. I was simply stating that the top line is not declining, although it might in the near future. Comp sales are certainly worth looking at for any retailer.

Best Buy's revenue is actually not dropping it's growing slightly and it's growing nicely on a per share basis. This obviously can change quickly. The release they put out this morning has good details for those that are interested in reviewing the quarter/year.

A new interview with Jamie Dimon http://video.cnbc.com/gallery/?video=3000080632

Detroit, Michigan

Myth, Depending on a person's views on the underlying business the following are interesting to me around current prices: HIG,a NXY,b I agree with your thoughts on FUR,d. There are certainly others that could become interesting, but in my opinion we have to have some panic again before they get to compelling prices.

I know how most feel about Jim Cramer, but I thought the attached comments were worth reading. Get_the_Little_Guy_Back_in_the_Conversation.pdf

It will be interesting to see how this (see attached) does. Bank_of_America_Tests_Rental_Program_as_Alternative_to_Foreclosure_-_NYTimes.pdf

From WSJ this morning if you missed it HEARD_ON_THE_STREET__BofA_Cant_Shake_the_Capital_Question_-_WSJ.pdf

kiwing, Thanks for posting the new memo

http://www.bloomberg.com/news/2012-03-21/buffett-seizes-lead-in-bet-on-stocks-beating-hedge-funds.html

Thanks for posting the article.

From February 14 http://www.advisorperspectives.com/newsletters12/pdfs/Bob_Rodriguez_on_the_Dangers_in_Todays_Markets.pdf

From Tom Brown at Bankstocks.com http://www.bankstocks.com/ArticleViewer.aspx?ArticleID=6460&ArticleTypeID=2

Chinese getting into the game (see attached) China_Forecasts_Soaring_Shale-Gas_Output_-_WSJ.pdf

JPM report on the credit side of the whole CCAR results in case you care CCAR_Wrap-up_Credit_Side.pdf

Thanks Watsa

Wells Fargo & Company Increases Quarterly Cash Dividend Rate to $0.22 Tuesday, March 13, 2012 04:45:00 PM Wells Fargo & Company (NYSE: WFC) today announced an additional first quarter 2012 dividend on its common stock of $0.10 per share, which together with the $0.12 per share dividend previously declared on January 24, 2012, brings the total dividend declared for the first quarter to $0.22 per share. The additional dividend is payable March 30, 2012, to stockholders of record on March 26, 2012. The Company also announced that the Federal Reserve did not object to its Capital Plan submitted in January 2012, or to the dividend rate increase and other capital actions included in the plan. “We are extremely pleased to reward our shareholders with an increased dividend rate for a second consecutive year,” said Chairman and CEO John Stumpf. “Today’s decision by the Federal Reserve Board allows us to increase the dividend and undertake other actions to return capital to our shareholders. Our ability to do this is a testament to our diversified business model, which has allowed us to continue to grow capital, while at the same time growing our balance sheet and providing our shareholders with more return on their investment. “The Federal Reserve's stress test scenario applied a series of very conservative assumptions to validate the industry’s ability to perform and maintain adequate capital in the event of unlikely, dire circumstances. Wells Fargo has always managed its business to perform for shareholders through a variety of economic environments and we are pleased that this process again validates the strength of our franchise.” In addition to the increased dividend rate, the Company’s capital plan allows for a higher level of common share repurchase activity in 2012 versus 2011. The plan also includes selective redemptions of trust preferred securities that no longer count as Tier 1 Capital under the Dodd-Frank Act.

Looks like Citi whiffed